MIRA
INFORM REPORT
|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NGRT SYSTEMS PRIVATE LIMITED (w.e.f. 18.02.2011) |
|
|
|
|
Formerly Known
As : |
NGRT SYSTEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.04.2010 |
|
|
|
|
Com. Reg. No.: |
11-202174 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.273
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2010PTC202174 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPN02686F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN5311R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is an Authorized Premium Reseller of Apple products and is
also engaged in the business of trading of computer devices, accessories etc. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 85000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
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|
Comments : |
Subject is an established company having moderate track record. Even though the company was incorporated in 2010, it started its
business activity from April 2011. The company is gradually improving its performance marked by
significant increase in its sales volume during 2013, whereas, the position
of networth appears to be low. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with slight
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China in
the ranking part of EY’s Capital Confidence Barometer report based on a survey
across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of payments
is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of 18.4
% between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
“SME 3” |
|
Rating Explanation |
Above average creditworthiness. |
|
Date |
26.09.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Mahesh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-7709044238 |
|
Date : |
26.12.2013 |
LOCATIONS
|
Registered Office : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440 012,
Maharashtra, India |
|
Tel. No.: |
91-712-2443351 / 2423082 |
|
Mobile No.: |
91-7709044238 (Mr. Mahesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shantanu Naresh Gadre |
|
Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440 012,
Maharashtra, India |
|
Date of Birth/ Age : |
14.08.1973 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930286 |
|
|
|
|
Name : |
Mrs. Pranoti Shantanu Gadre |
|
Designation : |
Director |
|
Address : |
55, Dr. R.P. Banerjee Marg, Dhantoli, Nagpur – 440 012,
Maharashtra, India |
|
Date of Birth/ Age : |
30.01.1979 |
|
Date of Appointment : |
19.04.2010 |
|
DIN No.: |
02930304 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Account Manager |
|
|
|
|
Name : |
Piyush Katariya and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
SO‐31, Amar Jyoti Palace, Dhantoli, Nagpur ‐ 440 012,
Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Shantanu Naresh Gadre |
74395 |
48.71 |
|
Pranoti Shantanu Gadre |
78330 |
51.29 |
|
Total
|
152725 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an Authorized Premium Reseller of Apple products and is
also engaged in the business of trading of computer devices, accessories etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
||||||||||||||||||||||||
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Bankers : |
· Bank of Maharashtra, Shankar Nagar Branch, South Ambazari Road, Nagpur – 440 010, Maharashtra, India ·
ICICI Bank Limited |
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Facilities : |
Notes: LONG TERM
BORROWINGS a) Details of Long Term Loan from Bank of
Maharashtra is secured by wav of:- 1) Registered mortgage of leasehold premises, i.e. Shop No.2 on the Upper Ground Floor admeasuring 2900 Sq. ft. (approximately) in the building known as nexus point constructed on the Land bearing city survey No.1689, Sheet No.44, total land admeasuring 2500 Sq. Mtr, Civil Lines, situated at Mouza-Sitabuildi and District Nagpur. 2) Hypothecation of Furniture and Fixtures and other Fixed Assets acquired out of Bank Finance. b) Repayment The entire Term Loan is to be repaid within 84 months inclusive of 3 months moratorium. The moratorium of 3 months shall be allowed from the date of first disbursement. The loan shall be repaid in monthly installments of Rs.0.247 million plus interest extra as and when applied after initial moratorium period of 3 months is over. The interest during moratorium period will be recovered as and when applied. c) Terms and Conditions The credit facility is guaranteed by personal guarantee of following persons:- Name:- Shantanu N. Gadre (Director) Pranoti Gadre (Director) Pushpa N. Gadre (Guarantor) Details of Long
Term Vehicle Loans from Bank availed by company are stated as under: Vehicle Loans have been obtained From ICICI Bank and Bank of Maharashtra for purchase of Cars, against hypothecation of the respective vehicles. SHORT TERM
BORROWINGS a) The cash Credit
Facility from Bank of Maharashtra is secured by way of:- 1) Hypothecation of Stock and book debts. 2) Additional| charge on Leasehold premises, i.e. Shop No.2 on the upper ground floor admeasuring 2900 sq ft b) Terms and
Conditions The credit facility is guaranteed by personal guarantee of following persons:- Name:- Shantanu N. Gadre (Director) Pranoti Gadre (Director) Pushpa N. Gadre (Guarantor) |
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
K.K. Mankeshwar and Company Chartered Accountants |
|
Address : |
Kingsway, Nagpur – 440 001, Maharashtra, India |
|
Tel. No.: |
91-712-2554223/ 6629946/ 47 |
|
Fax No.: |
91-712-6613404/ 6629948 |
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E-Mail : |
|
|
PAN No.: |
AABFK1156A |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
152725 |
Equity Shares |
Rs.100/- each |
Rs.15.273
millions |
|
|
|
|
|
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting period:
|
Equity shares |
As at 31st March, 2013 |
|
|
No. of Shares |
Amount (Rs. in
millions) |
|
|
At the
beginning of the period |
134725 |
13.473 |
|
Add:
Shares issued during the year |
18000 |
1.800 |
|
At the end of reporting period |
152725 |
15.273 |
Terms of Equity
Shares
a) The Equity shares are issued at a face value of Rs.100/- per share.
b) Voting rights of Equity share Holders - As per the number of shares
held ranking parri passu in all respects.
c) The company has issued 133725 equity shares for consideration other
than cash during the year.
Details of Shares in respect of each class
including more than 5% in the company held by its holding company or its
ultimate holding company including shares held by or by subsidiaries or
associates of the holding company or
the ultimate holding company in aggregate:-
|
Particulars
|
As at 31st March, 2013 |
|
|
No. of Shares held |
% of Holding |
|
|
Shantanu Naresh Gadre |
78330 |
51.00 |
|
Pranoti Shantanu Gadre |
74395 |
49.00 |
|
|
152725 |
100.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.273 |
13.473 |
0.100 |
|
(b) Reserves & Surplus |
5.928 |
2.816 |
0.000 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
21.201 |
16.289 |
0.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.743 |
32.414 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.380 |
0.442 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
28.123 |
32.856 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
23.083 |
14.462 |
0.000 |
|
(b)
Trade payables |
20.976 |
13.508 |
0.000 |
|
(c)
Other current liabilities |
6.662 |
8.980 |
1.015 |
|
(d) Short-term
provisions |
1.482 |
0.884 |
0.000 |
|
Total Current
Liabilities (4) |
52.203 |
37.834 |
1.015 |
|
|
|
|
|
|
TOTAL |
101.527 |
86.979 |
1.115 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
39.137 |
36.270 |
0.000 |
|
(ii)
Intangible Assets |
0.106 |
0.130 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.729 |
1.759 |
0.000 |
|
(e) Other
Non-current assets |
0.981 |
1.143 |
0.000 |
|
Total Non-Current
Assets |
42.953 |
39.302 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
35.183 |
17.218 |
0.000 |
|
(c)
Trade receivables |
15.127 |
22.564 |
0.000 |
|
(d) Cash
and cash equivalents |
3.448 |
3.146 |
0.100 |
|
(e)
Short-term loans and advances |
4.816 |
4.749 |
1.015 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
58.574 |
47.677 |
1.115 |
|
|
|
|
|
|
TOTAL |
101.527 |
86.979 |
1.115 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
342.830 |
159.922 |
0.000 |
|
|
|
Other Income |
0.056 |
0.054 |
0.000 |
|
|
|
TOTAL |
342.886 |
159.976 |
0.000 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
333.330 |
153.139 |
0.000 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
333.330 |
153.139 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.556 |
6.837 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.025 |
2.694 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.531 |
4.143 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.419 |
0.884 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
3.112 |
2.816 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.57 |
20.90 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.91 |
1.76 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.32 |
2.59 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46 |
4.76 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.25 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40 |
2.88 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.26 |
1.10 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current
Maturities of Long Term Debt |
4.278 |
4.170 |
0.000 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10282538 |
17/08/2013 * |
59,000,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR
BRANCH, SOUTH AMBAZARI ROAD, NAGPUR, MAHARASHTRA - 440010, INDIA |
B85331627 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loan and Advance |
3.050 |
6.300 |
|
Loan from Directors |
9.841 |
6.841 |
|
Total |
12.891 |
13.141 |
NATURE OF BUSINESS:
The company is an
Authorized Premium Reseller of Apple products and is also engaged in the business
of trading of computer devices, accessories etc.
CONTINGENT LIABILITY (AS ON 31.03.2013):
·
Amount of Bank Guarantee outstanding, is Rs.0.520
million
FIXED ASSETS:
Tangible Assets:
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Computers
Intangible Assets:
· Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.